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20121129
20121207
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CNBC 6
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Search Results 0 to 5 of about 6
CNBC
Dec 5, 2012 6:00am EST
increases. we're saying it now like it's normal. 25% of gdp for government spending and you've got bloated government already, you start there. you start at government spending. you don't immediately start spending another 50 billion in stimulus. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members from the budget committee? >> i don't want to raise taxes to fund 25% of gdp. >> and actually, the american taxpayers are being told to pay their fair share. they want to see real entitlement reform as well. but you have to deal with the issue on the table. i mean, the spending right now is a percentage of gdp is 24%. it's projected to go substantially higher. do you know that medicare and medicaid didn't exist 50 years ago and they're now a quarter of the federal budget? >> i know. it was supposed to be supplemental. david walker was on the other day talking about obama care which is supposed to save us a trillion dollars and the actual cost, wha
CNBC
Dec 3, 2012 6:00am EST
-called haircut can be revisited. in the past, merkel's government had ruled out forgiving any debt. >> in corporate new, ubs is reportedly close to a settlement. the "new york times" says the swiss bank is expected to pay horn $450 million over claims that some of its employees submitted false libor rates. that's pretty huge story and we will take a look and ten to see what happens with this. also morgan stanley trader is under investigation by cme regulators over trades and treasury futures four years ago. at the time he was employed by goldman sachs. he's now head of global interest rates products at morgan stanley. the probe is aimed at establishing whether hadden's late trades hat manipulate closing prices and made other trades more profitable. also singapore airline says that it is in talks with interested parties to sell its 49% stake in virgin atlantic. delta is reportedly among the potential suit ors. delta is said to want to gain access on injury gain's landing rights at london heathrow. >> biggest international hub h around. i think an dwderson is really g. it's profita
CNBC
Dec 4, 2012 6:00am EST
except trying to rein in government. >> the truth of the matter, what's a starting to happen is that international investors, the fact that we cannot govern is going to really come home to roost. >> gld man says this is the first time he's seen people take it out of american markets. >> it's he supposed to work this w way. they can't govern either. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in the meantime, let's talk about some of the other headlines. financial firms are gathering for the goldman sachs financial services contractors. a key presenter is brian money tha moynihan. we talked about his reports of planned fee increases. plus there was the issue of pres
CNBC
Dec 6, 2012 6:00am EST
to dangerous levels that might have required a government bailout. a lot of people weren't marking things where needed to go. >> i have a lot of questions about this story. it's an amazing allegation. $12 billion in paper losses. >> a lawyer from one of the whistle blowers will join us at 6:50. in a statement to cnbc, the bank says that allegations have already been investigated and all accounting was proper. >> my biggest questions are the allegations say the bank was doing it 2007 to 2010 and nobody came forward until late 2011 to make any complaints. i just wonder if you had been complaining the whole time along -- >> we just had this discussion about how far away do you need to be to where it's a false mark. at least 10% wiggle room. there were no buyers. if there is buyers, does that make it zero. >> basel 2 created a system that if things became less liquid, there is no change in the actual value of of the underlying asset. just couldn't sell it. so it's a bit like saying my house is a lesser asset because i can't accept it right now even though i don't want to sell it right now. >> who m
CNBC
Nov 30, 2012 6:00am EST
and the government. but what we've seen is the industry minister coming out and again mentioning as you say that he's one of the more left wing officials in france, we get that, but still for him to sort of double down on those comments and say, no, actually, i look around, i see other countries nationalizing these companies. why shouldn't we, too. >> but i think they really do see certain of their companies as more a property of france than of shareholders. their yogurt company. >> but mattel bought france's arsenal back in 2006. so while it's a traditionally france company, it's very important example of cross border m&a. and this is a company again, an india company owned wouldby guy are french in their behaviors. stefane has been all over this kind of explaining the various ang angles. so as we're talking about other wealthy french leaving the country amid the tax hikes that you've been talking about, it's also a lot of the entrepreneurs here who are to some glee getting in the crosshairs of the government. >> i have to give you some advice. the key for you is to understand what they're says, b
CNBC
Nov 29, 2012 6:00am EST
recovery that we've had, revenue has increased to the federal government by $344 billion per year. if we just return to a normal economy like we had in 2007, those policies of george bush where we had 18.5% of our economy coming to the federal government as revenue, that would be another $419 billion. so combined, that would be $750 billion per year of additional revenue. now, president obama's proposal of punishing success, it's hard to say exactly what it will be, but somewhere around $75 billion. it's a tenth of what we get with economic growth. and the rob with punishing success, with increasing marginal tax rates or really increasing taxes, is you put at risk that growth that is ten times more effective. so again, i'm just looking at what works. and we need to calm the markets. i don't want to play brinksmanship. it's a unfortunate that the president really isn't negotiating in good faith. he's just moving the goal posts. >> although the lead story on the "wall street journal" is about how the president may be relaxing that position. he may not insist on returning to the pre-bush ta
Search Results 0 to 5 of about 6